08-12-2022 11:03 AM | Source: Kedia Advisory
Buy Silver Sep 2022 @ 58000 Sl 57400 TGT 58800-59400.Mcx - Kedia Advisory
SILVER
Silver trading range for the day is 57694-59386.
Silver dropped weighed down by profit taking and hawkish remarks from Federal Reserve policymakers.
Fed officials signaled resolve in raising interest rates aggressively to convincingly tame inflation.
Fed’s Kashkari said that he expects the central bank to raise its policy rate to 3.9% by year-end and to 4.4% by end of 2023
Fed President Charles Evans indicated that US rates will top out at 4% next year.
BUY SILVER SEP 2022 @ 58000 SL 57400 TGT 58800-59400.MCX
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